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Policy & Legal Updates
Source: Cosmos Immigration

UAE Standardises Golden Visa to 10-Year Renewable Residency Under Updated ICP Guide

The UAE Federal Authority for Identity, Citizenship, Customs and Port Security has standardised all Golden Visa categories to 10-year renewable, self-sponsored residency. The updated regulations remove earlier five-year limits for real estate investors and entrepreneurs while defining qualification requirements for property buyers and senior employees. Visa holders also retain benefits including extended travel outside the country and domestic worker sponsorship.

Policy & Legal Updates
Source: Emirates News Agency (WAM)

UAE Tax Authority Showcases Smart Systems at Belt and Road Cooperation Forum

UAE Federal Tax Authority Director General Abdulaziz Mohammed Al Mulla addressed the Belt and Road Initiative Tax Administration Cooperation Forum in Jakarta. The UAE delegation presented its adoption of artificial intelligence and smart tax systems to facilitate cross-border trade and investment. Topics covered also included digital economy taxation and cryptoassets under Islamic Shariah frameworks.

Industry News
Source: Rigzone

Aramco Nears Agreement on $10 Billion Loan Backed by Chinese and Global Banks

Saudi Arabian state oil company Aramco is nearing a deal for a $10 billion revolving credit facility with an international banking syndicate. The lending group includes Bank of China and Industrial & Commercial Bank of China alongside global financial institutions. The facility is set to carry a margin of 60 basis points over the Secured Overnight Financing Rate.

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